Aon’s broking division made an operating profit of $802m (£608m) in the first half of 2016, up 16% on the £691m it made in the same period last year.
Revenue at the division, Risk Solutions, was flat at $3.7bn, but the profit was boosted by a 4% cut in operating expenses to $2.9bn from $3bn.
Risk Solutions produced organic commissions and fees growth in the half of 3%.
As a group, Aon made a profit before tax of $736m in the first half of 2016, up 16% on the $635m it made in the same period last year.
Total revenue fell 2% to $5.6bn (H1 2015: $5.7bn).
Aon chief executive Greg Case (pictured) praised the “positive performance” and said that he also expected good results in the second half of the year.
Case said: “Although we expect continued volatility in the macroeconomic environment, we anticipate improved organic growth and operational performance in the second half of 2016.
“Our industry-leading platform and innovative investments across data and analytics continue to position the firm for long-term growth, increased operating leverage and significant free cash flow generation towards our near-term goal of $2.4 billion for the full year 2017.”
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
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